Attorney Fred Rispoli recently tweeted insights regarding the anticipated appeal filing for Ripple by April 16, highlighting potential settlement prospects.
Appeal Filing Situation
Fred Rispoli assessed the likelihood of an appeal filing as low, estimating only a ten percent chance, with a predominant expectation of some form of settlement or withdrawal.
Jurisdictions and Procedural Constraints
Rispoli noted that the Ripple case is operating in two jurisdictions: the Southern District of New York and the Second Circuit Court of Appeals, emphasizing that no changes can occur at the district court until the appellate matter is resolved.
Potential Settlement Between Ripple and SEC
Retired attorney Marc Fagel suggested that a joint motion filed could indicate a settlement agreement in principle. Both lawyers acknowledged the likelihood of returning to Judge Torres, yet remained uncertain about the necessary steps regarding the appeal status.
The Ripple and SEC situation remains dynamic, but the chances of a swift resolution increase with ongoing negotiations and potential agreements between the parties.
